A $2 million solar farm near Aurora is one of the first large-scale participants in Portland General Electric’s solar payment option program.
A $2 million solar farm near Aurora is one of the first large-scale participants in Portland General Electric’s solar payment option program.
The program buys electricity produced by customers and transfers it to the electric grid.
[Kirk Cameron, whose Lake Oswego-based firm, NW Photon Energy, developed the project] expects to produce 575,000 kilowatt-hours every year, enough energy to power 53 homes. A Portland solar funding company Cameron co-owns, 3CSolar, put up half of the $2 million pricetag. Umpqua Bank financed the remainder. The company also received a 30 percent federal rebate, but no state incentives.
An automated system tallies the electricity and bills PGE under a 15-year agreement. The company earns 39 cents per kilowatt-hour, or about $20,000 every month, said Chris Copp, a second 3CSolar partner.
Read more at OregonLive.com.
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